Tax Evasion Lawyers in Trent Woods

Tax Evasion in North Carolina is a criminal act in which someone knowingly fails to pay their taxes.

One of the most common common tactics of tax evaders in Trent Woods, North Carolina is to attempt to make it appear to an outside observer that their tax liability is lower than it actually is, such as by concealing income, fraudulently transferring property, and others.

"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the illegal act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves using the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Trent Woods, North Carolina

Under federal and state law, including the laws of North Carolina, tax evasion is a very serious crime.

The penalties for tax evasion in Trent Woods can range anywhere from small fines to huge fines, along with prison sentences of several years.

Typically, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of deliberate evasion, as opposed to an honest error in accounting.

But, if the government can prove that a defendant in Trent Woods, North Carolina knowingly concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.

A Trent Woods, North Carolina Tax Evasion Lawyer Can Help

Tax lawyers in Trent Woods, North Carolina can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

If you find yourself actually accused of tax evasion, and are innocent, you should hire a Trent Woods, North Carolina attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.